Volkswagen plans 50,000 job cuts due to plunging profits while board members secure €1.75 million each in bonuses (opens in new tab)

German automaker Volkswagen plans to cut around 50,000 jobs in Germany by 2030 as profits slump and the company struggles with rising costs, tariffs, and declining margins. The job cuts were announced alongside the company’s 2025 financial results, which showed net profit falling 44 percent to €6.9 billion — the lowest level since the fallout […]